Nickel prices moved up by Rs 4.40 to Rs 1,130.70 per kg in futures market today after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers.

Besides, an encouraging trend in select base metals in the global markets, supported the upside.

At the Multi Commodity Exchange, nickel for delivery in current month gained Rs 4.40, or 0.39 per cent, to Rs 1,130.70 per kg in a business turnover of 407 lots.

In a similar fashion, the metal for delivery in October rose by Rs 3.70, or 0.33 per cent, to Rs 1,136.70 per kg in 5 lots.

LEAD

Lead prices shed 0.11 per cent to Rs 136.15 per kg in futures trading today as speculators trimmed positions amidst a weak trend in the spot markets due to subdued demand from battery-makers.

At the Multi Commodity exchange, lead for delivery in October eased by 15 paise, or 0.11 per cent, to Rs 136.15 per kg in a business turnover of one lot. The metal for delivery in September fell 10 paise, or 0.07 per cent, to Rs 135.45 per kg in a business volume of 177 lots.